The cryptocurrency market was created to be an alternative to fiat money. Independence from governments and central banks, erasing the boundaries between currencies of different countries, decentralization, complete freedom, and other utopian ideas of those who create the crypto world. And what do we see lately? All our cryptocurrencies are strongly tied to the fiat world. Cryptocurrency is dependent on it; rather, users who hold tokens and believe in their future repeat the same thing in crypto exchanges as they do in the stock market. The American stock market is falling, company stocks are depreciating, and they are being sold. And on our crypto exchanges, everything happens exactly the same. Money is withdrawn from here just as strongly as from company stocks.
What future of cryptocurrencies can we talk about when most users are selling their coins for fiat out of fear or other unknown reasons to me? The stocks of companies are influenced by Trump’s policies, but how does this influence relate to cryptocurrencies at the moment? I do not see significant reasons to sell everything and drive the price down, but this has been happening little by little since the beginning of spring, and after Trump’s new tariffs were accepted, the entire crypto market fell.
If you believe in cryptocurrency and invest in it, please be more tolerant towards your investment and do not invest more than you can afford to lose.
Positively, Bitcoin has not fallen significantly in recent days, although it has dropped below $80,000. Over the month, the price has decreased by only 8 percent, which cannot be said for the stocks of American companies.
I believed that the time of great crises would push the crypto market forward as an alternative to fiat money, and people would transfer more funds into tokens during turbulent times, but it seems I was very wrong...
(Everything written above is just my subjective reaction to the red values next to the coin prices and exclusively my opinion regarding all this).